Gold, Silver Price Report for May 20: Check Rates in 6 Cities

Prices of gold and silver eased across major Indian cities on Tuesday, tracking a decline in global demand amid easing trade friction between the United States and China.

At 9:00 AM, gold on the Multi Commodity Exchange (MCX) was trading at Rs 93,285 per 10 grams, while silver hovered at Rs 95,424 per kilogram, according to MCX data.

Separate figures from the Indian Bullion Association (IBA) pegged 24-carat gold at Rs 93,390 per 10 grams and 22-carat gold at ₹85,608. Silver (999 purity) was priced at Rs 95,370 per kilogram.

Retail prices remain subject to change due to local taxes, GST, and making charges by jewellers.

Gold has yielded robust long-term returns, gaining 30 per cent over the past year. Since 2001, it has offered a compounded annual growth rate (CAGR) of around 15 per cent. Historically, the yellow metal has outpaced inflation by an estimated 2–4 per cent annually since 1995.

City-wise Gold and Silver Prices on May 20

Delhi

* 24K Gold (Bullion): Rs 93,070/10 gm

* MCX Gold: Rs 92,994/10 gm

* Silver (Bullion): Rs 94,970/kg

* MCX Silver 999: Rs 95,109/kg

Mumbai

* 24K Gold (Bullion): Rs 93,230/10 gm

* MCX Gold: Rs 92,994/10 gm

* Silver (Bullion): Rs 95,130/kg

* MCX Silver 999: Rs 95,109/kg

Chennai

* 24K Gold (Bullion): Rs 93,490/10 gm

* MCX Gold: Rs 92,982/10 gm

* Silver (Bullion): Rs 95,470/kg

* MCX Silver 999: Rs 95,172/kg

Bengaluru

* 24K Gold (Bullion): Rs 93,240/10 gm

* MCX Gold: Rs 92,929/10 gm

* Silver (Bullion): Rs 95,240/kg

* MCX Silver 999: Rs 95,144/kg

Hyderabad

* 24K Gold (Bullion): Rs 93,320/10 gm

* MCX Gold: Rs 92,929/10 gm

* Silver (Bullion): Rs 95,320/kg

* MCX Silver 999: Rs 95,144/kg

Kolkata

* 24K Gold (Bullion): Rs 93,110/10 gm

* MCX Gold: Rs 92,994/10 gm

* Silver (Bullion): Rs 95,010/kg

* MCX Silver 999: Rs 95,109/kg

Prices have come off from recent highs seen before Akshaya Tritiya. Analysts link the pullback to reduced geopolitical risk perception and profit booking.